Bitcoin News Today: Bitcoin Surges 3.2% as Bull Market Momentum Intensifies

Bitcoin continues to trade near its all-time high, having surged more than 3.2% in the last 24 hours, indicating strong bullish momentum in the ongoing bull market cycle [1]. According to CoinGlass, none of the 30 major Bull Market Peak Indicators have triggered a top signal, suggesting the current cycle is far from reaching a major resistance level [1]. The platform's data indicates that Bitcoin remains well-positioned to potentially break its recent ATH of $123,000.

The total crypto market cap has surged past $4 trillion for the first time in history, with Bitcoin accounting for the largest share at approximately $2.4 trillion [1]. This growth has been driven by strong institutional demand and increased inflows into the market, particularly in Bitcoin ETFs. BlackRock’s IBIT saw a net inflow of $189 million last week, reinforcing the growing appetite among institutional investors for crypto assets [1].

Bullish sentiment is further supported by on-chain activity and macroeconomic conditions. Jason Pizzino, a prominent crypto analyst, noted in a recent post that Bitcoin is just 1% away from a new all-time high in this cycle [1]. Meanwhile, analysts at Adamant Research and Tuur Demeester have forecasted a potential mid-cycle rally to $500,000, citing strong on-chain data and institutional adoption as key drivers [3]. However, these projections are not indicative of immediate price action and should be treated as long-term forecasts.

The market also responded positively to political developments, particularly after former U.S. President Donald Trump urged regulators to consider including crypto and private equity in 401k portfolios. Augustine Fan of SignalPlus stated that such statements have contributed to a recent rebound in prices and are likely to drive further buying interest in the coming days [1].

Bitcoin’s price has moved from around $116,500 to near $122,000 in just two days [1], with the next critical resistance level estimated at $116,600–$116,700. A successful breakout from this range could push the price toward $118,000. Additionally, Fibonacci retracement levels suggest a key test at $122,056, with a sustained hold potentially leading to a rally toward $140,000 [4].

Despite the bullish outlook, the market has shown mixed signals. Whale selling and retail buying in the later stages of the bull run have introduced a tug-of-war between buyers and sellers [6]. Analysts caution that while the overall trend remains positive, volatility is expected to increase as the market continues to move toward new highs.

Reddit discussions reflect the broader sentiment among retail investors, who note that historical indicators have consistently failed to signal a market peak [5]. These views, though informal, align with the idea that the current cycle is different and has room to extend further.

The ongoing bull market is supported by strong macroeconomic fundamentals and continued institutional adoption. However, participants are advised to remain cautious and strategically position themselves amid rising volatility. Analysts like Pizzino and Demeester offer varying projections, from a near-term rally toward $140,000 to a long-term target of $500,000 [1][3][4], highlighting the diversity of perspectives within the industry.

Source:

[1] https://www.cryptotimes.io/2025/08/11/crypto-bull-market-peak-indicators-shows-top-is-very-far/

[3] https://cryptorank.io/news/feed/0eec3-bitcoins-mid-cycle-strength-tuur-demeester-predicts-500k-target

[4] https://m.economictimes.com/crypto-news-today-live-11-aug-2025/liveblog/123223005.cms

[5] https://www.reddit.com/r/Bitcoin/comments/

[6] https://www.mitrade.com/insights/news/live-news/article-3-1028023-20250811